IBM, Vermont Electric spawn intelligent energy software company

IBM today said it would partner with Vermont Electric Power to create Utopus Insights to research develop and product intelligent analytic software for the energy industry.

IBM said Utopus will bring to market a full-featured energy analytics platform, built for cloud (SaaS), on-premises and distributed Internet of Things (IoT) operation.

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The platform will be built with open APIs that allow integration of third party tools and will include applications that enable best-in-class renewable forecasting, grid asset health and network risk analysis, and Distributed Energy Resource management, according to IBM Fellow, Dr. Chandu Visweswariah, who will be President and CEO of Utopus.

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